We offer a simple analysis of a digital platform’s incentives to bias sales toward its own products and services. The analysis reveals that a digital platform is less biased - not more biased - in the promotion of its own products and services relative to online sellers that do not permit...

America has spent billions trying to close the Digital Divide, but adoption disparities along many dimensions persist. The COVID pandemic has rekindled the strong interest in broadband adoption, with many in Congress now proposing to spend billions more to shrink the adoption gap. In this POLICY...

Last fall, the Federal Communications Commission issued an Order on Reconsideration and Eighth Further Notice of Proposed Rulemaking to establish a clear set of rules for public safety spectrum located in the 4.9 GHz band. Among other reforms, the Notice proposes to centralize non-public safety...

Proposed legislation in California (Assembly Bill No. 437) aims to prohibit actors from voluntarily selling something they are willing to sell— contractual exclusivity. In this BULLETIN, we demonstrate that the proposed California legislation will reduce the compensation to actors, either...

Prior to the invention of the Internet, shopping for goods was relatively simple: a consumer visited a brick-and-mortal retailer and selected a product from what was available or, for some retailers, shopped using a catalog. Today, a simple Internet search may return a bewildering number of...

We utilize the nonlinear unit root tests proposed by Park and Shintani (2005) and find strong evidence of nonlinear mean reversion between a US stock index and the stock indices in France, Germany, Italy and the UK. We identified an inaction band where deviations of these international stock...

In light of the sea change brought about by advancing technology in the way broker‐dealers communicate with clients, this article is a timely discussion of the current federal and self‐regulatory organization (SRO) requirements for a broker‐dealer's supervision of its employees' electronic...